Gwyneth Paltrow, Michelle Williams, Shailene Woodley and Angelina Jolie attend the 84th Annual Academy Awards at the Hollywood & Highland Center in Hollywood on Feb. 26. Find out whether these ladies and more made OK!'s best or worst dressed list!

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Best Dressed. With or without the cape, Gwyneth Paltrow was a vision in white in her Tom Ford gown. The dress showed off her beautiful figure yet looked elegant at the same time.

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Worst Dressed. We love Emma Stone, but we weren't loving this red Giambattista Valli gown on her. The dress was too similar to the Balenciaga gown Nicole Kidman wore in 2007. While it is a beautiful dress, we think Emma could have worn something better for her young age.

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Best Dressed. Jessica Chastain really changed up her award season look with this Alexander McQueen gown. The embroidery detail and black and gold color was a refreshing change on the red carpet.

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Worst Dressed. Angelina Jolie's black velvet Atelier Versace gown with the high-slit was a masterpiece, but Angie's leg thrust pose on the carpet took away from the beauty. With that kind of attitude, Angie didn't need such a dramatic dress!

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Best Dressed. Michelle Williams introduced a new color to the 2012 Oscars red carpet — coral! This Louis Vuitton strapless dress looked amazing on the 'My Week With Marilyn' star.

Best Dressed. Penelope Cruz looked stunning in this Giorgio Armani custom organza gown. This elegant look is simply perfect for the Oscars.

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Worst Dressed. While Rooney Mara did change up her look by wearing white instead of her typical black, the dress was remarkably similar to ones she's been wearing all award season. This white Givenchy just had too much going on for the young star.

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Best Dressed. Stacy Keibler was the perfect accessory for George Clooney. Her strapless gold Marchesa gown made her look just like an Oscar statue.

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Worst Dressed. Shailene Woodley was just too covered up in this Valentino Couture gown. 'The Descendants' star is only 20-year-old and this dress really aged her.